Cardano Plunges 10% in Single Day, Largest Drop Since 2024

Cardano, the fifth-largest cryptocurrency by market capitalization, experienced a significant drop of 10% in a single day, marking its largest one-day percentage loss since December 9, 2024. The decline pushed Cardano's market cap down to $29.9505B, representing 0.90% of the total cryptocurrency market cap. At its peak, Cardano's market cap reached $94.8001B.

Over the past seven days, Cardano has seen a decrease in value, with a loss of 14.11%. The volume of Cardano traded in the twenty-four hours to the time of writing was $861.2130M, accounting for 0.68% of the total volume of all cryptocurrencies. The price of Cardano has fluctuated between $0.8311 and $0.9877 in the past week.

At its current price, Cardano is still down 73.18% from its all-time high of $3.10, which was set on September 2, 2021.

Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, also experienced declines on the same day. Bitcoin fell by 3.68% to $98,141.3, while Ethereum dropped by 7.18% to $3,010.79. Bitcoin's market cap was last at $1,958.3193B, representing 58.99% of the total cryptocurrency market cap, while Ethereum's market cap totaled $367.2022B, accounting for 11.06% of the total cryptocurrency market value.